USDJPY broke above 93.75

USDJPY broke above 93.75 (Jan 7 high), suggesting that the longer term uptrend from 84.82 (Nov 27, 2009 low) has resumed. Further rally is still in favor and next target would be at 95.00-96.00 area. Initial support is now at 93.45 followed by 93.25, and key support is at 92.12, as long as this level holds, uptrend from 89.76 could be expected to continue.